Eager buyers, timid banks help IAG block fly

Spain’s Bankia sold its 12.1% stake in International Consolidated Airlines Group on Thursday in a well-received £574m block sale that showed investors still eager for primary deals and banks still cautious on risk trades.

  • By Nick Jacob
  • 27 Jun 2013
Bankia has long been expected to dispose of many of its industrial holdings and IAG — which has traded up from a 52-week low of 138p in September to 264p on Wednesday — was the most straightforward move. Other deals, from Bankia and other former caja holdings, will be similarly opportunistic but ...

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